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FOX News
Feb 21, 2013 3:00pm PST
a letter to a number of contractors. they said they didn't have to put out notifications. in september, omb put out a letter. here it is, saying that they indemnify the companys, the contractors, and said that any resulting employee compensation cost for warren act liability determined by a court, as well as attorney fees and other litigation costs irrespective outcome would qualify as allowable costs and be covered by the contracting agency if otherwise reasonable and allocable. the republicans saw that as the omb said don't send outpin slip notices ahead of the election. we don't want that notice. because the election is comin coming. now they see it as blank check for trial lawyers. if somebody gets fired without the 6 of 0-day notice, what is to prevent trial attorneys saying the omb or the government is going to sue? and the government is going to have to pay for it. >> bret, that is quite a lot in one step. so let me try to answer. i do believe that last year there was an understanding that the whole design of the sequester, something we would have preferred not to have taken place. w
Feb 16, 2013 7:00am EST
the guidance put out by omb and in its december report of this year it found the occ and sec were getting their but remaining agencies still year later were not following the key guidance in the o m b that the 0 m b put out for economic analysis. e a of frankly i think was quite critical about that as well as the fact that it found some coordination among the agencies but the court nation was very informal nature and almost none of the coordination looks at the cumulative burden of all the new rules, regulations and requirements of my first question to ask is can i have your commitment that each of your agency's will act on g a o's recommendation to incorporate omb guidance on cost-benefit analysis in to your proposed and final rules and interpretive guidance? i would not necessarily go through and ask each of you for an answer but there was any agency here who would not commit to comply with the recommendation could you speak of? >> i confess to not being familiar with the december 2012 recommendations. certainly we do economic analysis on a rule by rule basis and more generally. to that
Feb 20, 2013 7:30am EST
reductions as well. >> let me ask also, if i may, with omb just very quickly, and that is, um, have you all -- has omb done a study or an analysis of the overall adverse impact to the u.s. economy? i mean, we know how many federal dollars, we get that. that's pretty easy to get. but as omb dun a study -- done a study on the adverse impact to the economy? >> i will point out that a range of third party estimates is now coming, i think some of them have been raised during this hearing. they show a negative impact of .5 to .7% in real gdp growth in 2013 alone. and that's, you know, that's a macroeconomic statistic, but what it translates into and i think the president has been clear, that's going to translate into hundreds of thousands if not more job losses. and we've talked about how these are difficult economic impacts to measure because they have ripple effects. there's the, there's the pulling the $85 billion out of state and local governments out of federal contractors very abruptly and suddenly, you've got impacts down our supply chains, uncertainty impacting decisions to make investmen
Feb 17, 2013 2:00pm EST
to the panel. i am going to explain how this is going to work. we would have begin with omb and wrap up with national security. in the interest of time and efficacy, we will have one panel and be able to ask questions where we can get cross communication going. we will start with you and then secretary donovan and secretary napolitano. we will go to questions and alternating on both sides of the aisle. right off with senator shelby and myself. you are representing omb. their obligations with the presidential responsibility. go ahead and give us the details of omb. i will not introduce everyone. we will keep it going. >> thank you. members of the committee, good morning. i'm here to discuss the automatic spending reductions known as sequestration. it is scheduled to occur at march 1, as well as the impacts of these reductions and the actions the administration is taking to prepare to implement sequestration should it be necessary. i want to start by reiterating a point. as sequestration is bad policy. administration believes that congress should pass a balanced, bipartisan deficit reduct
Feb 27, 2013 12:00pm EST
, the o.m.b. director is a single office that drives efficiency and demands accountable on behalf of the president and the american people throughout our great bureaucracy. in that aspect of his job, i've seen little leadership, and at this time of surging debt i would rate that performance as an f. i have never seen a consistent, determined, effort from the director of office of office of management and budget to make more productive this government of ours. indeed, his primary it effort consistently seems to have been to defend any program under attack, scrutiny, or question, rather than examining vigorously to save every single dollar that can be saved for the taxpayers of the country. if the o.m.b. director won't insist on efficiency and good government, who will? the secretary of the energy pushing failed solyndra programs? is that who who we look to or the g.s.a. leaders who host hot tub parties in las vegas? this government of ours has never been more poorly managed. it just has never had for a number of years the serious oversight and management from the top supervisory ag
Feb 14, 2013 1:00am EST
operating officer. in 1998, he was named director. when he left omb, it was the last time the federal government had a surplus. an unprecedented surplus of 236 billion dollars. it would not have happened without jack lew's leadership, knowledge, and expertise. in 2009, he answered the call to public service. he returned to d.c. to become deputy secretary for managing resources. he helped secretary of state clinton transform the state department and honing his skills in the international arena. skills that i'm confident will prove useful as he works to address the economic challenges he will be facing as treasury secretary. jack spent the last few years serving the administration as director of omb and as white house chief of staff. he brought nonsecurity spending to its lowest level since dwight eisenhower sat in the oval office. on the fiscal cliff, he kept taxes low on the middle-class. at the same time, decrease the nation's deficit by more than $700 billion. there are many subjects the treasury secretary must cover. not any treasury nominee can have expertise immediately in all of
Feb 15, 2013 1:00am EST
, senator shelby. we will go to the panel. we would have begin with omb and wrap up with national security. in the interest of time and efficacy, we will have one panel and be able to ask questions where we can get cross communication going. we will start with you and then secretary donovan and secretary napolitano. we will go to questions and alternating on both sides of the aisle. right off with senator shelby and myself. you are representing omb. their obligations with the presidential responsibility. go ahead and give us the details of omb. i will not introduce everyone. we will keep it going. >> thank you. members of the committee, good morning. i'm here to discuss the automatic spending reductions known as sequestration. it is scheduled to occur at march 1, as well as the impacts of these reductions and the actions the administration is taking to prepare to implement sequestration should it be necessary. i want to start by reiterating a point. as sequestration is bad policy. administration believes that congress should pass a balanced, bipartisan deficit reduction to avoid it. if all
Feb 18, 2013 2:00am EST
not following the guidances put out by omb. and in its december report of this year, it found that the occ and the s.e.c. were getting there but the remaining agencies still a year later were not following the key guidances in the omb -- that the omb has put out for economic analysis. the gao i think was quite critical about that as well as the fact that it found some coordination among the agencies but that the coordination was informal in nature and almost none of the coordination looks at the cumulative burden of all the new rules, regulations, and requirements. so my first question to really ask is of all of you. can i have your commitment that each of your agencies will act on gao's recommendation to incorporate omb's guidance on cost benefit analysis into your proposed and final rules as well as your interpretive guidance? i guess i would not necessarily ask each of you for an answer, but if there is any agency here who will not commit to comply with the g.a.o.'s recommend, could you speak up? >> i'm sorry -- i will confess not being familiar with the december 2012 recommendations. c
Feb 2, 2013 6:30am PST
to the white house, to omb, and the rest. as we celebrate today we also have to recognize that this fits comfortably in an array of projects under his leadership as secretary of transportation and with the great leadership of president barack obama whether it was the presidio park way, transway terminal, completion of third street rail and all of that. in recent years when he served in the congress and now as the secretary of transportation. he knows full well the role that senator boxer played and he was a member in congress of the transportation committee and the consensus she is building in the senate on this is quite remarkable so i am honored to be here with senator feinstein and our colleagues and share in this for san francisco and what you see here mr. secretary is consent. our great mayor lee -- he is the consensus maestro and brings people together and he said "listen, listen" and we act upon the consensus of our community. it's about consensus. it's about community. it's about here comes the bus and now we can get on it, but it's also about all the things the mayor said.
Feb 10, 2013 9:30am EST
and omb to stay on messe. with so mamany federal w workers not want to cause panic, but you have areas goverernment encies who all have stories to tell. get thebeen triried to message out. ey have not be doing a gd job getting pepeople talking abt it. >> eery white house want to coordinate message. there is alwlways corolsls at te very departmtments. they neverer getet to go up thes the lone ranger. what is it about domestic prprograms? not want to cause panic, but you have a areas governmnmet agencies who allll have storieso tell. theythe white hoe, it goes beyod coordidinating the message talking about what faa.happen n to the nih < why is defense getting so much more noise and attention? the cuts.alf of think one o of the thing that peopleere talking about, they not want a domesc agagents there speaking because they antagonizewould reblans. >> t there are hard realitities. i could think of % of ployers that we could'veve done without. rtainly, some ports that we produce, bubut i dot th taxpayers wouldave missed them. >> we will talk about what this will mean for the washington area
Feb 15, 2013 6:00am EST
. >> congressman chaffetz, one of the areas we've done recently is look agent the database that gsa and omb maintain, and we found, as the comptroller mentioned, there's a lot of enact rahs accuracies, and we've been pushing -- >> when you say a lot, are we talking about in the tens of thousands? >> one of the challenges is there's about 400,000 properties, and there's another 400,000 structures not including the postal service. is so getting a comprehensive view of that, our suggestion and recommendation is gsa and the agencies do a better job of looking at their inventories -- >> give me -- i'm looking for more specifics on. i mean, it just seems to me we ought to be able to pull up a list and be able to see all the real property this country has. we can't do it even within my state of, the real property just in the state. so why? we don't even know what we own. >> that's -- there is, that's part of the challenge. in fact, mr. mica mentioned the facility out at usda in beltsville. we had a team visit there last year to highlight some of the problems that he was mentioning. this is part of
Feb 15, 2013 12:00pm EST
the administration and a second stint as director of omb and as might to -- white house chief of staff. during his tenure in these positions he has a billionaire -- he has ably guided negotiations. passage of the bipartisan control act while he ran a windy brought annual not security spending to its lowest level as a share of the economy since dwight eisenhower sat in the oval office. the recent end-year agreement on the fiscal cliff has kept taxes low on the middle-class and at the same time decrease tarnishes deficit by more than $700 billion. now, there are many, many subjects the treasury secretary must cover, and not in the treasury nominee can and expertise immediately in all the jack has an uncanny ability to delve into a subject, learned, study, and master it in a factual and not ideological way. i look forward to working with jack and the rest of the president's economic team as we continue to focus on protecting the middle-class and combating are nation's long-term economic challenges. mr. chairman, in conclusion, i am confident this nominee possesses the expertise and work ethic necessa
Feb 15, 2013 5:00pm EST
and service as a stafford and then a director of omb and top staff and the white house. people like you that give yourself to the government and i have great respect for your wife and your daughter and your family, too. it's tough. >> i think we don't give our spouses nearly the credit that they deserved. some of these questions we do need to ask to make sure that the record is clear. let me ask one and hopefully make the record more clear. they have over $45 million to citigroup in early 2008 and 2009 they have that hundreds of billions of dollars you'd reportedly received over $940,000 of compensation. in early 2009, mostly comprised of discretionary compensation for work performed in 2008 and received that a day before city received $7 billion of taxpayer backing. january 29, 2009, president obama remarks on wall street bonuses at the time and said that is the height of your responsibility. it is shameful. he went on to say there would be time to get bonuses that now isn't the time. elsewhere he referred to the bonuses as, quote, obscene. you wrote in a 2010 letter to senator grassle
Feb 20, 2013 7:00am EST
the road. >> on another issue, i'm going to ask an omb question here, mr. werfel. and we told you we might ask about this. i've got some correspondence year from usda, the committee that senator pryor and i will be working on, the ag committee on questions about on site inspectors, which if they don't show up at a meat processing facility, that facility can't open. other kinds of food processing, fda can come i occasionally, and that doesn't really implement, doesn't really impact whether that plant can be open or not. but if the usda inspector doesn't show up, the plant can't open. is there any way to prioritize those kind of individuals showing up so 100 other workers or 1000 other workers can show up that day? >> unfortunately, i don't think there is, senator. the way the budget is structured for the food safety inspection service at usda come is that 80% of their total funding spent on salaries and benefits for front-line personnel that are doing the very inspections you refer to. so it becomes a math asia ultimately. they're going to get a certain amount of budget come if we have is t
Feb 25, 2013 8:00am EST
third president. started at omb under president clinton, worked there under the administration of george w. bush and is now special assistant to the president and white house cybersecurity coordinator, section 8, part d. the secretary of department of homeland security shall coordinate establishment of a set of incentives designed to promote participation in the program. how do you envision those incentives? >> guest: so i think what we're really looking for is a broad set of potential incentives that could encourage companies to adopt a framework. and one of the things that we discovered as we were working on the executive order is that there's a lot of possibilities, but there's not as much work has been done to develop those into concrete incentives. so part of what the executive order is designed to do is to flesh those out. and that could range from, you know, you could imagine a whole range of incentives, right? sort of a good housekeeping seal of approval, right? companies could use in marketing to say that they're actually following cybersecurity standards all the way up to poten
Feb 25, 2013 8:00pm EST
. >> host: michael daniels currently serving as president at omb under president clinton and his work there under the administration of george w. bush and is now special assistant to the president the white house cybersecurity coordinator, section 8, part d. the secretary of the department of homeland security show coordinate establishment of a set of incentives designed to promote participation in the program. how do you envision those incentives quest. >> guest: i think what we are really looking or is it a broad set of potential incentives that could encourage companies to adopt their framework and one of the things that we discovered as we were working on the executive order is that there is a lot of possibilities but there is not as much work done to develop the concrete incentives so part of what the executive orders designed to do is to thrash those out. that can range from, you can imagine a whole range of incentives, sort of a good house he keeping seal of approval and companies can use marketing to say that they are following cybersecurity standards all the way up to potenti
Feb 16, 2013 11:30pm EST
years i had the honor of serving the clinton administration both as director of omb and as chief of staff, i had the opportunity to work with her very closely. she was interested in issues and involved in the important issues. health care, women's rights, and children's rights, all the issues she fought for and pioneered. her passion for the issues that we deal with. the issues we confront in this country, you can study these issues and read about them, but the only way you deal with the problems is to have the passion for the problems that people face and try to find some way to help people achieve a better life. that is what i saw in her, that passion to try to help fellow citizens. for these reasons, i was delighted to have the opportunity when i was asked to join the obama administration to come back and work alongside her again as part of the national security team. as part of that team, i witnessed early on how hard she worked and dedicated she is and how she truly develop i think one of the best diplomatic skills as secretary of state of anyone that i have known in that ca
Feb 22, 2013 8:00pm EST
to prepare people. and we've been working with our colleagues here at the white house and omb for a number of months on what impact this is going to have. and now is the time to do it. >> mr. secretary -- >> jim. >> yesterday, at the airlines for america briefing, the airline lobby actually said that there would be no effect, that they suspected there would be no significant impact on the air travel system. where is the disconnect between what you're saying and what the airlines are saying? >> i don't think they have the information we're presenting to them today. i don't know what they used for that, jim. but it's -- i think when they see the kind of cutbacks that are going to be made at some of these towers, they're going to have no choice but to really look at the fact that there are going to be delays, and there are going to have to be some cutbacks on some of these flights. >> let me follow up on safety, if i could. what is going to be the effect on faa inspectors? are you also going to furlough some of them that are doing the who are reviewing the safety of these planes? >> everythin
Feb 11, 2013 5:00pm EST
spending by 5% this year alone, which is really 9% given where we are in the year. the omb said this would force the national science foundation to issue nearly 1000 fewer research grants, curtailing the work of an estimated 12,000 scientists and engineers. it would require nih to make hundreds fewer research awards. finally, in addition to research as wes and peter have mentioned, the sequester what her students through student financial aid. it would cut work-study and other financial aid programs. why would we penalize young americans working their way through college? what kind of message does that send? it is not a message of opportunity. so the sequester instead is shortsighted and it should not happen. we urge the president and congress to stop the sequester an address or fiscal challenges in a balanced, sensible way. thank you. >> thank you so much, peter and hunter. to open up for questions from the audience, if you could please state your name and affiliation, i believe we have a microphone. we are recorded, so would be helpful if you could speak into the microphone. let's begin.
Feb 25, 2013 9:00am EST
the big time contractors like lockheed. they will not be getting their checks as quickly. last year, omb made it so the prime contractors would get money quicker to feed their small subcontractors quicker and help to boost the economy. host: mike is calling from arizona, an independent. caller: the crux of the problem seems to be new tax revenue is provided by the private sector on profits and pay well. the federal employees and federal government withdraws money from the general fund to pay their employees. when the employees pay back the so-called taxes, which is nothing more than returning the same money to the syntax fund, you do not have that much more new revenue going into the general fund. it is across the board. it is regular employees, and government employees, military and police. that is why we face the deficit we are facing. the private sector has been so downgraded and cut apart we are in an upside down period. the government is top heavy. we are teetering on a thin point. until they can bring the private sector back and get something going, there will not be that much more
FOX Business
Feb 6, 2013 12:00am EST
there that type of stuff. that's silly. i was head the chief economist of the omb when it was formed and that stuff never works. how does it affect an individual person? when you have a low rate flat tax. if you had total tax of 12% of the your income, that is all you had to pay. that's it. melissa: that was number. you use ad number. making me calculate 12% of my income. >> that is better than what you have to pay now. melissa: hey, i love it. i love doing that. i'm wondering why we have to count on all of america not being able to do math? >> no, you don't. do not ever underestimate americans. you have to go clearly with the numbers and make it clear. you don't have to be ross perot. you remember that with the ears. melissa: i'm not going anywhere on that. you're on your own with that ears thing. >> the only politician shorter than i am. you don't want to do a blackboard with a stick. you do want to do a 12% tax. well make it to have to pay all the lawyers, counselors, income specsists. you don't have to hire a congressman or senator to get a good deal. all you earn from the first
FOX News
Feb 20, 2013 3:00pm PST
issues here. o.m.b. has report on national security issues. the report says the department of defense would shift funds to ensure war fighting and military readiness capabilities were not degrade degraded. saying those thing in other words moving the aircraft carriers would be okay. the sequestration would result in readiness of delay in investment and cutback and equipment repairs, decline and reduction in the base ceremonies for military families. >> this is not the efficient way to cut government. we are five years past the worst recession of our lif lifetime. government has grown. now businesses paired 2% of the operating busy in five years? mine has, everybody has. to put it in perspective, this is not cataclysmic. politics are clear. the president is not looking for a deal. he is looking for a fight. this is about the 2014 election and belief on the part of that they can win and take back the house. i agree this is inevidentable. we will reach sequestration for sure. >> why is it that the government doesn't say fine, transfer authority. you can do priority. take out conferences.
FOX News
Feb 22, 2013 3:00pm PST
cost. gene didn't have an answer about that. did the omb get back to us today? >> we were asking budget officials today about some of the issues. today they put out some paper that basically said look, it's not even clear the way the warn act is written that the layoff notices, the furlough notices have to go out, because there are evidents made to shut off the sequester. so it's not clear that the sequester will go forward, though a lot of people think it will. it's not clear that the legal cost, for people suing the contractors over losing their job they have to be covered. bottom line, there are decisions issued by the both to suggest that the legal costs would have to be picked up. bottom line when all is said and done this could be a big legal mess. >> bret: the question is why the letters went out in the first place ahead of the election. they didn't want the notices to go out. >> yeah. the white house yesterday when i asked carney about that, delaying it for political reasons they insisted no. the only reason they held back furlough notices before the election they were not up ag
Feb 27, 2013 5:00pm EST
government had $2 trillion in unexpended funds -- this is according to o.m.b.; this is not -- this is the office of management and budget. third two-thirds of this was obligated. but a third of it wang obligated. so you have $650 billion in unobligated balances sitting on the federal government that we're not shuffling around to direct to the things that are most important. let me just finish up. i want to make one other point. i got a letter this week from the mayor of a medium-size town in my state. it is the mayor of mcallister, oklahoma. and i'm going to enter this letter into the record because in this letter you see a demonstration of the kind of leadership that's needed when you have a financial problem in front of you. and let me read this. the city of mcallister is currently work hard to rebalance our budget after a sudden downturn in our revenue over the past two months. as you know, municipalities are required to maintain a balanced budget. it is a law in oklahoma you have to have a balanced budget. so what has he done? first step, we implemented a
Feb 26, 2013 7:00am EST
me throw this into the conversation, a letter from senator tom coburn. he sent it to omb, outlining several positions that are being solicited from the federal government for jobs. he says -- you can find this letter on our web site. tonko burnt lists the jobs -- tom coburn lists the jobs. he has several in his letter to omb. we're talking to federal employees only. we will keep taking your phone calls. first, let me give you some other headlines. your is a new york times -- albany -- all the newspapers reporting how he took on that role, more of a public role. he issued an pack warnings about the dangers of smoking, and he pushed the government into taking an aggressive stance against aids. despite his opposition to abortion, refused to use his office as a pulpit from which to preach. "the wall street journal" has a front-page piece about immigration and the dilemma republicans' base, particularly when the gramm who is running for reelection in 2014. they note that senator gramm, senator john mccain will meet with the president today to talk about immigration reform. the front page
Feb 19, 2013 12:00pm EST
list. also, omb and the agencies have been holding regular meetings with gao, which i personally purchased it in in order to focus on solutions and to identify ways to make the necessary improvements to get off of the list. this year, enough progress has been made that we are removing two items from the list. first was in a agency contracted interagency contracts can actually be a very good and important management tool if done properly. we found back in 2005 they were not done very well. they were out of scope in terms of the contracts, lack of competition. one of our most notable examples with the hiring of interrogators for iraq using an i.t. contractor. since then, important procedures have been put in place, agencies, to fix the problem. congress has required the federal acquisition -- and also require a business case before new contracts are put in place and better data is now being collected in those areas. so we believe that there are adequate mechanisms in place in order to help manage this very important pool to help the government leverage its buying power. secondly, w
Feb 7, 2013 6:00am EST
he was back at the head of omb. i think he was a very good choice. jack is a very -- it was interesting when he was at omb. jack is a very open-minded person. he's smart. he listens. engages -- >> does he know enough about the markets? you knew about the markets. hank paulson knew about the markets. if we have another crisis is he the right guy? >> i think the answer is yes. but let me expand on that if i may. treasury is a very, very broad -- has a very broad agenda, if you will. a very broad range of engagements. and i found when i got there that the range of issues that treasury is involved with is much, much more than i realized. no secretary is going to be fully conversed in all the issues you have to deal with. where the key lies, i think, is being open-minded, engaging with people who are expert in the areas that you have to deal with, and then being able to listen to, and parse through what you're being told to make a good judgment. that's what the director of omb does as well. i got to know jack very well in that role. and i think that he was very effectiv
Feb 15, 2013 7:00pm EST
about furlough policy as spelled out by omb, the office of management and budget. larry? >> all right, hampton pearson, you ran that down beautifully. thanks. now, folks, look at this. even some of the local papers with liberal editorial pages are picking up on this doomsday hysteria. the "hartford current" today cites one expert stating, "the predictions of gloom are subject to hyperbole and political calculation." right on. so is anybody watching really truly want to cut the growth of spending or, heaven forbid, the level of spending? let's talk. joining us now is cato institute's senior fellow dan mitchell. 1.2%, dan, out of what, a $3.6 trillion budget? they can't even get this done? what's going to happen here? >> i guess the world's going to come to an end. i guess we might as well stock up on abottled water, canned goods and ammo. here's the number that jumps out at me to show how absurd this is. over the next ten years if we have a sequester instead of the federal government going 2.5 trillion guess, what it's going to grow 2.4 trillion. i'm having heart palpitations. i don't
Feb 26, 2013 7:00pm EST
at omb outlining $356 billion that the g.o. has identified. that's $356 pinn a year in spend which a large portion is duplicative. >> did he react to that? that's a huge number. >> he is just now getting it. >> we haven't cancelled conferences are on restricted air travel for federal government employees. all of these things they're doing they could do by teleconference, there is 100,000 ways we can cut spending in the federal government that won't have any impact on individuals in this country. >> when are they going to freeze hiring and in fact when are they going to freeze compensation? there was supposed to be a freeze which i think there was for a year or two and the reality is the senior bureaucrats got big pay increases and in the private sector a whole lot of people had to miss pay increases. when are they going to do that in the government. >> it is worse than that. what they did is bonused everybody rather than giving them a pay increase. they essentially got a pay increase through a bonus. >> most making the decision have never had line authority or operating a for profi
Feb 27, 2013 7:00pm EST
reports that the cbo and own omb do not agree with these dire numbers that are coming out. >> we don't know what will happen. >> this whole business of bringing the undocumented illegals, leaving them in detention centers that's scare stuff. what does that accomplish? >> first of all i think the white house said today we don't know what will happen. that some of this will happen over time, it's not going to be like friday evening all of a sudden, you know, terrible dramatic things will start to happen. things will start to happen, you know, it may not be a lot of money in the context of the entire federal budget deficit but it's going to affect programs. i think that, you know, you saw the immigration folks doing some good planning around early release on some people otherwise -- it's good planning. if they don't that have money. it's not a catastrophe. a lot of these people -- >> i'm totally in favor of lightened immigration reform. i feel sorry this whole thing is falling on their head but it is. everyone is pointing fingers like a circular firing squad. star parker i got to go to
Feb 18, 2013 1:00pm EST
lick. the next day i get a call from the director of the omb. i get a call from bob, counsel to the president, and i was just waiting for the call to come from the president. [laughter] that i had mistreated their friend, jack nelson. [laughter] and so, but we got -- it got a lot better after that. but one of the things about jack that should be said as we look at that particular perspective of the carter years is that jack was a great bureau chief and built a great bureau. and you said that, hank, and i just want to emphasize that. because the one thing that always came across to me in all of our dealings with jack during that period, he was promoting that bureau. he was promoting those reporters of that bureau. he did have those breakfast sessions, and they're famous. i mean, people used to run around the block not to see jack. how about coming over and having breakfast, mr. attorney general? [laughter] >> that's right. >> and, in fact, there was a time he got judge bell to invite chief justice berger who had never been to a breakfast, any press event that i know of at all,
FOX Business
Feb 12, 2013 5:00pm EST
it on a 10-year rosie scenario from cbo and omb that is a fairytale. the real problem is much worse because we'll not go 14 years without a recession or create 18 million jobs in the next 10 years. melissa: right. >> when we have only created two in the last. so i'm saying they should focus on the job of washington to get our fiscal accounts in order before we go over the deep end and not pretend that they can make a difference on jobs. melissa: neil, the president is sitting down. he is listening to this right now. he said david stockman makes so much sense. i'm tearing up my speech. i will say exactly what i just heard. what do you think, neil? >> i don't know about that. i think david stockman always makes a great deal of sense. one of the things i love about david both parties get ticked off by him. what he is saying is true. now is not the time to be did link about this. whether you argue it is a time for more spending cuts and or increases something has got to be done to address this situation and nothing has to be done is at best naive. i suspect despite what the mr. stockman might h
FOX News
Feb 20, 2013 7:00pm PST
there's an omb report, management and budget which says that they believe that the secretary of defense, and the president, do have the discretion to move money around so that combat readiness would not be affected by these things. >> byron, thank you. >> thank you. >> so, what will the sequester really mean to our national defense? major general bob scales joins us, good evening, sir. >> hi, greta. >> so we're not going to have a cut. if we go to the sequestration that will have slowed growth. how does that impede our combat readiness? >> it's not so much the slowing of the growth, greta so much as where the money comes from. the easiest way to get money out of the military is with an operations and maintenance, retraining and readiness and people. and you can write a check to reduce those very quickly. the army is already in particular took 60-- 66% of the cuts in 2012 and they're taking their proportionate share in 2013. so what this means is that for those troops that are deployed to afghanistan, they're facing severe budget cuts in their ability it train, to prepare for the coming
FOX News
Feb 25, 2013 7:00pm PST
dollar budget. however, three months before the omb issued its report that agency has been abolished. >> this is what the president's doing. he's just trying to scare the american people and congress into raising taxes. and i'm not buying it. we need to cut wasteful washington spending and that's why i'm coming up with the report to show so many places, af been travelling all around wyoming last week, greta. and people only believe 50 cents of every dollar they sent to washington is used in a constructive way. taxpayers get the fact that there's a lot of waste in this government. and they understand that even with the sequester, spending is going up. it's just not going up as fast as the president wants to go up. >> what i don't get. the first thing you do when-- first thing you do is assess how much money you need. and see whether you have waste and fraud. we've been doing the shows for a long time. and this leaves no appetite in the city to look for waste and fraud. unbelievable. and waste and fraud wouldn't hurt anybody if we got rid of it. but you know, there's just no appetite.
Feb 3, 2013 6:30pm PST
lew served in the clinton administration. i think he worked in the omb in the, you know, office of management of the budget. and he was one of the key players in helping pass the repeal of glass-steagall. and, you know, this is kind of the way it works. it's not a one to one, you know, obvious connection. but, you know, glass-steagall was repealed specifically to legalize the merger of citigroup. and, you know, coincidentally bob rubin, who was the treasury secretary and jack lew end up working at citigroup five, ten years later. and they make enormous amounts of money. and then they go back to government. and again, this is just sort of this merry-go-round that everybody in washington knows about. and that's the way it works. >> how do you explain president obama's attitude in this? when he was running for president, he promised the close the revolving door. and he seemed genuinely shocked at the collapse of the financial system and the banks' role in it. but he also was raking in massive campaign contributions from these very people. did those investments, did those contributi
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